When the Covid-19 pandemic began to take its toll on businesses and markets worldwide, Faraday Venture Partners stepped in early to identify the startups in its portfolio that would be worst hit. The Madrid-based VC firm has since been working closely with the companies to create and implement contingency plans as startup funding dries up amid a global recession. Spain has been particularly hard hit. The country recorded 172,541 confirmed cases of infection and 18,056 deaths as of April 14, and a nationwide lockdown has been in place since March 14. The IMF now expects Spanish GDP to shri...
© Faraday Venture Partners
Amid the Covid-19 slump, Faraday Venture Partners’ CIO and MP shares his expectations for startup investments and favored sectors, the measures his firm has taken so far to help investees ride out the crisis, and more.
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